Pegasus Capital Advisors acquires top eco-chic resorts and spas
Pegasus Capital Advisors L.P., a US-based private equity fund manager, through one or more of its affiliates, entered into a binding agreement to acquire the Bangkok-based luxury resort and spa business of Six Senses Resorts & Spas for an undisclosed sum.
Bernhard Bohnenberger, currently the president of Six Senses, will be continuing in that role and heading the Six Senses’ Bangkok office.
Before this, Pegasus' only hotel asset was a residual interest in the land and property of the Wyndham Hotel at 42-28 West 58th St. in New York City.
The Soneva brand and its three resorts, as well as the company’s real estate assets and holdings, are not included in the transaction, and will continue to be led by Sonu Shivdasani, the former founder and CEO of Six Senses, who will serve as chairman and CEO and principal shareholder of The Soneva Group.
"This transaction will allow me to focus solely on the development of the Soneva portfolio of resorts and real estate assets, and allow the Soneva and Six Senses brands to flourish independently of each other," said Sonu Shivdasani, chairman and CEO of The Soneva Group, in a statement.
"Six Senses is known around the world for providing a unique and innovative guest experience," said Craig Cogut, founder, Pegasus Capital Advisors, in a statement. "Going forward, the new Six Senses will be a debt-free company with committed capital for expansion into new and within existing international markets. We are confident that our president Bernhard Bohnenberger and our strong management team will continue to build on its legacy as a recognized leader in luxury hospitality.
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